To examine whether the announcement effect
is related to the nature of R&D spending change, we also analyze the return patterns for R&D-increasing and R&D-decreasing subsamples separately.
4) This pattern holds true in the sample of European bank mergers, with an average announcement effect
of around 11 percent for targets and around zero for acquirers.
She attributes the positive announcement effect
to reduction in agency costs that result from the increased monitoring provided by an additional large nonmanagerial shareholder(s).
Suresh and Gajendra,( 2012) analysed the right issue announcement effect
on share returns, by using event study methodology for Nifty stocks from 1995 to 2011.
In this research study, an in-depth investigation of the announcement effect
of corporate governance failures of some highly rated Nigerian commercial/deposit money banks, publicly announced by the Central Bank of Nigeria, is undertaken.
The increase in noise raises the tax option value of the stock and it is this value that generates the announcement effect
of stock splits.
Conservatives demand fiscal austerity, the announcement effect
of which will somehow attract global capital.
If there is significant announcement effect
of the stock prices, the null hypothesis of equal mean is rejected in favour of alternative hypothesis of equal mean.
The solution proposed by Van Rompuy by changing Protocol 12 could have "an announcement effect
knowing full well that this appeal might be deemed inadmissible by the Court.
Recently, CLR have presented evidence from a six-factor term structure model that indicates that the announcement effect
of the TAF had a very large effect on the LIBOR rate.
The G-7) rather aimed to have an announcement effect
,'' he said, referring to the possible impact on markets, which could discourage investors from betting on the yen one-sidedly.
The studies related to dividends in Malaysia considered did not focus on the announcement effect
of the specially designated dividends, but regular dividends.